Topic: Covid19

A new presidential decision dated April 22, 2021 has further extended the short term work allowance period to provide Turkish businesses and employees with certain assurances in response to the pandemic.

A new presidential decision published in the Official Gazette on March 9, 2021 further extends several measures to provide Turkish businesses and employees with certain assurances in response to the pandemic.

A new presidential decision dated November 30, 2020 provides a second application period for businesses that missed the previous short term work allowance application window.

Two new presidential decisions dated October 26, 2020, have further extended several measures to provide Turkish businesses and employees with certain assurances in response to the pandemic.

As Turkey’s economy continues to respond to the challenges posed by the COVID-19 global pandemic, domestic and international companies are seeking a safe return to full operations in the country.

The M&A market, including in the automotive sector, was severely hit by the COVID-19 crisis. In an industry already in transformation pre-crisis, it is interesting to see how COVID-19 has changed automotive M&A deals and deal-making:

In response to the spread of Covid-19 in Turkey, on April 17, 2020, the Turkish Parliament passed Omnibus Law no. 7244.

The COVID-19 pandemic has transformed the way in which many businesses operate.

The Data Controllers' Registry or VERBİS is a publicly available database kept by the Data Protection Board (the “Board”), the decision-making body of the Turkish Data Protection Authority (the “DPA”). Unless exempt from the requirement, all data controllers (individuals and legal entities) who process personal data in Turkey must be recorded with VERBİS prior to processing any personal data.

Turkey has adopted many measures to respond to the Covid-19 outbreak, but there is no measure directly affecting or targeting foreign direct investments or FDI.